It may hit 80 and even 86 (which is highly unlikely, but possible) after that it's going down at least to 0,625 - the 2008 low. A lot depends on rally of commodities which is happening right now. Until market sentiment changes AUD might follow oil and other commodities. I'm short, but I'm always short.

It may hit 80 and even 86 (which is highly unlikely, but possible) after that it's going down at least to 0,625 - the 2008 low. A lot depends on rally of commodities which is happening right now. Until market sentiment changes AUD might follow oil and other commodities. I'm short, but I'm always short.

Click to expand...

Barnes
Surely it wont hit 80... RBA will need to reduce interest rate if Au$ starts rises to this level???

Barnes
Surely it wont hit 80... RBA will need to reduce interest rate if Au$ starts rises to this level???

Click to expand...

This is the problem with currency markets, They don't always play by the rules of fundamentals or technicals and surely they are irrational, rally on AUD is a fresh example. RBA will have to lower rates if it reaches .80. But RBA is always behind the curve.
Believe me markets can go a long way farther then we can imagine.